Jammu and Kashmir has entered a new dawn of development after the abrogation of article 370 in October 2019. The Union Territory of J&K and the centre is now committed to achieve new milestones with respect to its growth and development.  

What makes J&K special?

Jammu and Kashmir is located in India’s northern part and is a global tourist destination. Aside from traditional recreational tourism, a vast scope exists for pilgrimage, spiritual, adventure and health tourism. With varied agro-climatic conditions, floriculture, food processing and agro-based industries thrive in the UT. The traditional handicraft and cottage industry includes carpet weaving, silks, shawls, basketry, pottery, copper, silverware, papier mâché and walnut wood. Thus, J&K offers boundless business and investment opportunities across all sectors for SMEs and MSMEs.

Economic Growth in J&K

There are investments being made for the economic development of Jammu & Kashmir, which has opened doors to new investors and business houses. In 2022, it was announced that 25 new national highway projects are being sanctioned to be built at an estimated cost of  ₹11,721 crore and 168 MoUs have been signed amounting to ₹13,600 crore. 

These are some of the major initiatives taken by the government to promote J&K as an investment destination:

  • As per DPIIT (Department for Promotion of Industry and International Trade), the cumulative FDI inflow in J&K is valued at 0.7763 million USD, between October 2019-June 2022
  • Under the State Budget 2022-23, ₹ 1137 crore has been allocated for housing and urban development
  • In FY 21-22, the drug formulations and biological products accounted for 24% of the total exports of ₹390 crore of the UT
  • Total production of horticulture crops in the UT is expected to be 3580.82 thousand metric tonnes. In the 2021-22, the total production of vegetables and fruits in the state was expected to be 1,338.27 thousand metric tonnes and 2,237.87 thousand metric tonnes respectively
  • In March 2022, the UAE pledged to invest ₹ 3000 crores in J&K
  • The industrial policy of J&K offers attractive incentives along with a single window clearance mechanism, wherein land is allotted at concessional rates in industrial areas on lease for 90 years
  • The NHIDCL ( National Highway Infrastructure Development Corporation) is developing five tunnels in the UT at a cost of 3.42 million USD. The tunnels will have an all weather access and will all be completed by 2024
  • In FY23, a total of 543 projects will be sanctioned at a cost of ₹ 2237 crore with funding from NABARD
  • To reduce traffic in Srinagar and Jammu, an elevated light metro rail system is expected to be rolled out by 2022-23 and is likely to be completed by 2026

With the current lot of development projects and the upcoming ones, there are myriad growth opportunities in J&K. Hence, JK tenders are catching a lot of attention from business houses all over.

Jammu and Kashmir Tenders

Currently, there are organisations like DC-PDD, Health and Medical Education, I and FC, Rural Development and Panchayati Raj that have released more than 100 tenders each. Interestingly, PHE and PWD have recently released a lot more, with 449 tenders by PHE and 324 tenders by PWD.

Other organisations that have released significant number of tenders for various projects include Agriculture production department, ASH, Cooperative Banks, DGP-JK, DG-PRISONS, Directorate of Hospitality and Protocol, ESTATES, Floriculture Department, Forest Department, HAUDD, Higher Education Department, Horticulture production department, H(P and M), Industries and Commerce, Islamic University of Science and Tech Pulwama, Jammu and Kashmir Service Selection Board, J and K State Cable Car Corporation, J and K State Sports Council, JKBOSE, JKSF, JKSPDC, PHE, RMSA, Shri Amarnathji Shrine Board, Shri Mata Vaishno Devi University, Shri Mata Vaishno Devi Shrine Board, SICOP, SIDCO, SKIMS, SKUAST, Srinagar Smart City Limited SPV, Tourism and University Development.

Where can we find JK tenders?

The J&K Government has started an eProcurement System that enables Tenderers to download Tender Schedules and submit their bids through their online portal. BidAssist is a leading e-tendering portal in India that helps you to find tenders specifically related to your business. It offers the largest database of tenders in India. JK eprocurement portal, in general, has ~26,000 active tenders at a given point in time. So far they have released ~6.5Lac tenders. In the year 2022, they had released ~1Lac Crore worth of tenders.

Why choose BidAssist?

Hundreds of tenders are released simultaneously by various organisations even within a particular state. BidAssist simplifies your search by narrowing it down using appropriate filters based on your expertise. There is no denying that every project will have several competitors vying for it. BidAssist sends prompt notifications based on your business profiles helping you to stay ahead in the competition.

More about BidAssist India

BidAssist is a leading portal that features more than 4 crore tenders from over 50 K sources globally. It has 1,50,000 active tenders from India and 2,80,000 active tenders globally. The listing of tenders is well-organised as they are categorised into more than 50 categories making the process neat and methodical. Additionally, there are 76 Lacs tender results in India, and 42 Lacs tender results globally making its content database more than double of other leading players in the field.

To begin your JK tender search, just visit BidAssist.com. For more assistance and to get answers to your queries, feel free to reach out to the BidAssist support team.

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